17 May 2010 16:50 [Source: ICIS news]
LONDON (ICIS news)--Crude prices fell by more than $2/bbl on Monday to take Brent crude on the ICE futures exchange to below $76/bbl as a result of a firm US dollar, concerns over growing US inventories and a slowdown in economic recovery.
By 15:30 GMT, July Brent crude had hit a low of $75.52/bbl, which was a loss of $2.41 from the 14 May close of $77.93, before recovering to around $75.85.
At the same time, June NYMEX light sweet crude futures were trading around $69.90/bbl, having hit a low of $69.62, which was a loss of $1.99 from the previous close.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections